Answer :
The marginal product of labour is $300.The marginal product of labor is one factor that is important to the labor market.
What is marginal product of labor?
The marginal product of labor, also known as MPL, is the increase in total production that a company experiences when one additional unit of labor is added while all other factors of production stay constant.
To put it another way, the MPL is the extra output a business experiences after adding a new employee.
When recruiting new employees, the marginal product of labor (MPL) is always positive, but it seldom exhibits continuous returns.
As the workforce grows, the MPL always slows, forcing workers to share resources like machinery throughout production.
When adding a new employee would disrupt operations and reduce output, the MPL would turn negative.
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